WEST DES MOINES, Iowa — Hy-Vee appears to have entered uncharted waters with the announcement this month of a new specialty pharmacy offering. Retail pharmacy has yet to make a significant footprint in this niche and fast-growing field that promises high profitability. The drug channel — specifically CVS through its merger with pharmacy benefits manager Caremark Rx, and Walgreens — has a head start on supermarkets in launching specialty pharmacy. Up until now, distribution of high-cost ...

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